Filing Flows › Opendoor Technologies (OPEN) › Q1 2025
Opendoor Technologies (OPEN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Opendoor Technologies (OPEN) reported revenue of $1.2B for the first quarter 2025 (Q1 2025), -2% from a year earlier and +6% from the quarter before. Operating margin was -4.9%, net loss $85.0M (7.4% of revenue).
Opendoor Technologies, Q1 2025: revenue $1.2B (-2% year over year), operating margin -4.9%, net loss $85.0M, operating cash flow −$279M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +6% | -2% |
| Operating profit | −$56.0M | — | — |
| Net earnings | −$85.0M | — | — |
| Operating cash flow | −$279M | — | — |
What changed
Revenue was $1.2B in Q1 2025, down 2% year over year and up 6% from the previous quarter.
Gross margin was 8.6%, down 1.1 points from a year earlier. Operating costs exceeded revenue by $0.06B, an operating margin of -4.9%. Operating expenses fell 23% while revenue fell 2%. The quarter ended with a net loss of $0.09B, narrower than the previous quarter's $0.11B loss.
Operating cash flow was −$0.28B. Non-cash charges added back $0.01B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.22B. Capital expenditures of $4.0M exceeded it, leaving free cash flow of −$0.28B.
Questions
What was Opendoor Technologies' revenue in the first quarter 2025?
Opendoor Technologies (OPEN) reported revenue of $1.2B for the first quarter 2025 (Q1 2025), -2% from a year earlier and +6% from the quarter before.
Was Opendoor Technologies profitable in the first quarter 2025?
Operating loss was $56.0M (-4.9% of revenue) and net loss $85.0M.